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NonQM Loans

NonQM Loans: Flexible Financing Solutions for Unique Circumstances

Non-Qualified Mortgages, commonly known as NonQM loans, are flexible financing solutions designed for borrowers who may not meet the typical requirements of standard loan programs. They can cater to a diverse range of individuals, including those with unconventional income sources, self-employed professionals, retirees, real estate investors, and high net worth individuals. These loans are not insured or guaranteed by federal agencies like the FHA, VA, Fannie Mae, or Freddie Mac, which is why they often offer more flexible underwriting criteria and higher loan limits. However, it’s important to note that while they provide opportunities for non-traditional borrowers, NonQM loans may also carry certain risks due to their less stringent qualification requirements.

Types of NonQM Loans

While this is not a complete list of NonQM loans available, it does give you an idea of what is available on the market.Since these loans are backed by private investors, if you have a specific scenario that does not fit the types below, feel free to reach out.

Why Choose Our NonQM Loans?

At Elevation Mortgage, we understand that everyone’s financial situation is unique. That’s why we offer NonQM loans to help you secure the financing you need, regardless of your circumstances. We specialize in:

  • Self-Employed Borrowers
  • Real Estate Investors
  • Foreign Nationals
  • High Net Worth Individuals
  • And more…

Benefits of NonQM Loans

NonQM loans offer several benefits, including:

  1. Flexible Underwriting: Unlike traditional loans, NonQM loans look beyond standard metrics and consider alternative income documentation.
  2. Higher Loan Limits: NonQM loans often allow for larger loan amounts than conventional mortgages.
  3. Interest-Only Payments: Some NonQM loans offer the option for interest-only payments, providing lower monthly payments.

Ready to Embrace the Non-QM Revolution?

If you’re ready to unleash your borrowing potential and break free from the constraints of traditional lending, it’s time to explore the world of Non-QM loans. Get in touch with us today, and let’s embark on a mortgage journey that’s as unique as you are. The future of borrowing is here, and it’s Non-QM!

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